Monday Morning Musings
The market is steady at the open, with the Nasdaq leading the way. There was not much in the terms of news, and no deals done over the weekend.
But MSFT is gearing up for the release of Halo 3, and its stock is up ahead of it. Also, GM is up nicely after comments that there is a possible resolution with the UAW.
And oil is trading lower ($80.90) after feared weather problems in the Gulf did not materialize over the weekend.
Asian markets were higher across the board, with Shanghai, Hong Kong, and Australia hitting new record highs. Japan lagged again.
Bond yields are steady, with the 10-year at 4.63%.
And I continue to get crushed with my short LVS trade. What was I thinking? Lesson to self: when trade does not go your way, exit immediately. Discipline trumps conviction.